IVRCL attains financial closure for Sion-Panvel highway

Infrastructure major IVRCL has achieved financial closure for the Sion-Panvel Special State Highway Project. The project, being taken up with an outlay of Rs 1,705.67 crore, will be funded through a debt of around Rs 1,299 crore, while the balance will come in through a combination of equity and internal accruals. The highway extends from BARC junction to Kalamboli junction. Contact: IVRCL Ltd. Tel: 040-2335 6613. Fax: 040-2335 6693. E-mail: info@ivrinfra.com Website: www.ivrcl.com